SBI Cashback Credit Card: Features and Documents Required

What if you get a credit card that not only offers you occasional discounts but also helps you earn money with every swipe? The SBI Cashback Credit Card does just that!

When you own the Cashback SBI Credit Card, you give yourself the opportunity to get back 5% of the amount spent on all offline and online purchases. For more information about the card offers and discounts, continue reading.

SBI Cashback Credit Card Benefits and Features

As per the latest reports, around 11 crore active credit cards are in circulation across all Indian states. This indicates that the credit card market is growing at an astonishing rate of 9.5% year-on-year. 

With so many credit cards to choose from, you must select the one that best fits your needs and preferences. For instance, when you choose the SBI Cashback Card, you get to enjoy the following benefits:

• 5% Cashback: This is applicable for all online transactions.
• 1% Cashback: Users can avail this for offline spending.

Note: You can get a maximum of ₹5,000 as cashback during each monthly statement cycle. However, there are some exclusions to remember.

You cannot avail cashback for spends made on wallet recharge, fuel, jewellery, educational services, utility bill payments, novelty purchases, railway tickets and quasi cash.

Other benefits of the SBI Cashback Credit Card include:

• Renewal Fee Waiver: On spending over ₹2 Lakhs in a calendar year, the cardholder does not have to pay the renewal fee. 
• Fuel Surcharge Waiver: You can get a fuel surcharge waiver of up to ₹100 per billing cycle on fuel purchases between ₹500 and ₹3,000.

Looking for something similar with even more lifestyle perks? You can also apply for a Secured Credit Card from Stable Money, which offers added benefits such as complimentary airport lounge access, flight discounts, offers from 100+ top brands, exclusive gym memberships, and more.

Documents Required to Apply for SBI Cashback Credit Card

While applying, make sure to present the following documents:

• Aadhaar card, driving licence, voter ID card, PAN card (also other government ID proofs are acceptable)
• Any utility bill or address proof document, like a passport
• Income proof document (this can be bank statements of the last three months, the most recent audited ITR or salary slips) 

SBI Cashback Credit Card Eligibility Criteria

If you are unsure about the SBI Cashback Credit Card eligibility, check the pointers below:

• While applying, your age should be between 21 and 70 years
• Your work profile should be either ‘self-employed’ or ‘salaried’
• The card issuer will only provide a credit card if you have a regular source of income
• You should have a credit score of 750 or above

If you are still working on building your credit profile, there is a smart way to get started. To enhance convenience and affordability, leading e-commerce platforms like Amazon, Flipkart, and Myntra now offer their own ‘Buy Now, Pay Later’ (BNPL) services. These flexible payment options contributed to a 27% surge in online sales in 2023, making them a major growth driver in the digital shopping space.

Using BNPL programs responsibly and ensuring timely repayments can help you build a positive credit history and gradually improve your credit score. Over time, this can increase your chances of getting approved for premium credit cards like the SBI Cashback Credit Card.

Fees and Charges for SBI Cashback Card

Before you sign up for the SBI Cashback Credit Card benefits, ensure to learn about the associated fees:

In addition, there are late fees for any outstanding balance after the payment due date. The details are shared below:

Note: If there are any rate revisions, it is suggested to refer to the card issuer’s official website. 

Process to Apply for SBU Cashback Credit Card

To get an SBI Cashback Credit Card online, follow these instructions:

1. Visit the SBI Card website. 
2. Open the ‘Credit Cards’ page. 
3. Look for the ‘SBI Cashback Card’. 
4. Click on ‘Apply Now’. 
5. Hit the ‘Continue’ button after providing all the necessary details. 

If you do not own any credit cards now and have an insufficient credit score, you may explore Stable Money's FD-backed credit cards. These cards do not have strict eligibility criteria as the issuer gets your FD as collateral. 

In case you are interested in trying this method, download the Stable Money mobile app today!